Sage-Intacct-VS-Netsuite

Sage Intacct vs NetSuite – A Feature Comparison

In Sage Intacct by Nathan Davies

Reading Time: 6 minutes

These days, there are a plethora of Cloud accounting software packages available. However, the two that have stood out for us in recent months are Sage Intacct, and one of its main competitors, Oracle NetSuite. Whilst NetSuite is a more established brand in the UK, Sage Intacct is a relatively new product to the UK, bought by Sage in 2017 and has taken the World by storm. This blog will give an overview of the similarities and differences between these two products. Additionally, we will evaluate which product is best for your company, based on your needs.

The Products’ Shared Features

This blog is not written for the purpose of saying whether one product is better than the other. They both are brilliant products with their own merits and limitations. The reason why Sage Intacct and NetSuite possess such merits are that they incorporate some similar, helpful features:

Located on The Cloud

In today’s climate, now more than ever using a cloud-based system has become a priority with the requirement to work remotely. Both systems are completely cloud-based which gives users access anywhere at any time! Gone are the days of expensive hosting and maintenance costs of servers which came with their problems such as downtime. Both Intacct and NetSuite boast an uptime of more than 99% meaning, no noticeable disruptions.

Advanced Functionality

Products such as Sage 50 and QuickBooks provide basic levels of functionality for small business accounting systems. However, NetSuite and, more specifically Sage Intacct, provide significantly more features that are crucial for firms with complicated business structures and intricate reporting requirements. Therefore, Intacct was created, to assist firms with more diverse and complex business structures with their accounting needs.

Both systems can handle multiple entities with varying currencies and legislations on a single platform. The systems even take it a step further and allow you to consolidate all entities for reporting purposes.

Scalability

Both Sage Intacct and NetSuite are much more customizable than any of their predecessors. This means that medium-sized firms can now customise their accounting system according to their specific needs. Furthermore, both products will support the needs of large and growing businesses, as they are not limited by a lack of storage capability and scalability moving forwards.

Sage Intacct or Oracle can be beneficial to your business, it allows you to worry less about the finance and more about the important thing… your business. As your business grows, Sage Intacct and NetSuite grow with you. They both aim at SME but are highly regarded for punching above their weight.

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How Sage Intacct and Oracle NetSuite Differ: Sage Intacct vs Netsuite

We have covered what similarities there are between the two products. However, there are numerous differences between the financial management software packages. Whilst one is more specific and focused on its audience, the other is more of a general nature. Below compares Sage Intacct vs Netsuite.

Adaptability and Integration

The first and most influential difference in features is the adaptability that Sage Intacct provides. This is in the sense that if you operate with NetSuite, your team and various stakeholders must all operate on the NetSuite system. NetSuite tries to fit the whole business experience into one – hence “Suite” in the name. NetSuite fits customer relationships, enterprise resource planning and accounting modules. Anything outside of this could be difficult and expensive to set up.

On the flip side – Sage Intacct has a flexible and well documented API making integrations to other platforms simple. This allows it to stay to its “Best-of-Breed” status. Almost 75% of Sage Intacct customers integrate their systems with at least two other Cloud software platforms. In fact, Intacct has a dedicated marketplace for additional programs that can integrate. Check it out here, https://marketplace.intacct.com/

Reporting

One of Sage Intacct’s biggest selling points is their custom Report Writing tool which gives you full customisation of financial reports and statements or the ability to create from scratch. This is where multi-dimensional accounting really comes into its own, being able to report by location and department within a few clicks and filters. All data is real-time, without the need to “close the books” to get the data you need. Intacct allows for reports to be in custom dashboards, with powerful drill-down capabilities to make decision making quick and efficient.

NetSuite sticks to its standardised out of the box reports which are sturdy and have good drill-down capabilities. However, they may not meet the specific needs of your industry. To make full customisations to your reports you would require Oracles enhancement pack which is an additional cost.

CPA Recommendations

Sage Intacct is the first and only software solution promoted by the American Institute of Certified Public Accountants. This has been in effect since 2009. This shows how respected Sage Intacct is with professionals and the bodies that represent them. Additionally, the AICPA does not give out product promotions easily, which just shows how good Sage Intacct is at performing its function.

Sage Intacct has been named leader within Worldwide SaaS and Cloud-Enabled Midmarket Finance and Accounting Software supplier assessment by IDC Marketplace. IDC MarketScape is regarded as one of the industry’s premier supplier assessment tools providing quantitative and qualitative assessments within the technology market so their thorough research conclusion should not be dismissed.

Customer Reviews

The crucial difference between these two powerhouses is the customer reviews, provided by G2, which are an independent business software review platform. If you look at the responses provided, there is a clear winner. Sage Intacct beats Oracle NetSuite in nearly every category. From general ratings, features, accounts receivable, accounts payable, reporting and analytics, platform, and integration; Sage Intacct is head and shoulders above the competition.

Image comparison of Sage Intacct VS Netsuite from G2

Image comparison of Sage Intacct VS Netsuite from G2 – Sage Intacct Left, Netsuite right. https://www.g2.com/compare/netsuite-2020-02-04-vs-sage-intacct?__cf_chl_captcha_tk__=pmd_aab35d7cb8c800cc9f66f7a95bad481cb1d6b5d9-1627974845-0-gqNtZGzNAyKjcnBszQni

Some Brief Case Studies and What They Tell Us

Sage Intacct – Berkshire Associates

Berkshire Associates are an American based technology and human resource firm, who specialise in assisting companies with building their ideal balanced workforce.  They have been in operation for 35 years and have had great success overseas. However, due to their nature of growth, their QuickBooks back-office software was no longer capable enough to deal with their growth needs. Hence, they came to Sage Intacct.

Their primary concern with their old system was that their several internally developed software packages were not able to keep up with their ever-increasing demand. Along with this, there was a lack of communication between these different packages. Hence, a significant period of time was wasted due to the double-entry of transactions. The solution that Sage Intacct provided was that it provided automated project billing. As a result, this improved the cash flow of the firm due to making their use of employee time more efficient.

The proof is in the pudding when it comes to the success that Sage Intacct has provided Berkshire Associates. The Business Manager of Berkshire stated, “In the five years since we graduated to Sage Intacct, our revenue increased significantly, and there’s no way we could’ve kept up with that growth if we were still using QuickBooks”.

Read about how we helped Symology speed up their month-end and improve business insight with Sage Intacct. 

So, Which is Right for You? Sage Intacct vs Netsuite

At first glance, Sage Intacct and NetSuite seem very similar in nature. Their basic purpose is achieved through the ability to customise their layout for the individual, the provision of advanced functionality for complicated firm structures, and they are linked to the Cloud. However, they are by no means identical. Whilst NetSuite comes in the form of a “jack of all trades, master of none” system, Sage Intacct is much more specific in the way it assists your firm. It is this focus on the services industry and the finance team in particular that gives Intacct the edge over NetSuite.

In the end, the system you get is down to your individual needs. If you intend to fully integrate your accounting system with one singular product, then you may prefer to get Oracle NetSuite. Alternatively, if you are looking for a best-of-class accounting software package, with the capability to integrate with your already established systems, then Sage Intacct is your ideal solution.

If you are still at loggerheads between the two options, then feel free to contact us, we are always happy to help! If you would like to explore Sage Intacct more, you can watch our on-demand Sage Intacct webinars, read more Sage Intacct blogs or learn more about Sage Intacct modules.

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